Daily Economic Reports

The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

The market is currently focused on the potential policy decisions of the Fed, with strategists believing that the risk of EUR/USD dropping back to 1.10 is high. Market expectations regarding a possible September rate cut from the Fed began to firm up in July, leading to the USD underperforming all …

FOMC Meeting: A Dovish Pivot or Hawkish Hold? The Federal Open Market Committee (FOMC) meeting next week looms large for investors and markets worldwide. Recent economic data has sparked a debate: will the Fed take a dovish turn and cut rates, or will it maintain its hawkish stance on inflation?Softening …

On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up …

The U.S. dollar traded near a four-week high against the euro on Thursday, bolstered by signs of persistent inflation in the U.S., which dampened expectations of a larger-than-expected interest rate cut by the Federal Reserve next week. Traders have scaled back their bets on a 50-basis point (bp) cut, now …

The recent release of the August 2024 Consumer Price Index (CPI) report has provided valuable insights into the current state of inflation in the United States. While the headline inflation rate has continued its downward trajectory, underlying inflationary pressures persist, raising questions about the Federal Reserve’s future monetary policy decisions.Key …

The ECB’s Looming Decision: Navigating Complexities of Monetary PolicyThe European Central Bank (ECB) is faced with a crucial decision at its upcoming meeting: whether to lower interest rates or maintain a cautious stance. This choice is fraught with complexities as the ECB must balance the need to stimulate economic growth …

Tesla (NASDAQ: TSLA) shares continued to trend higher today, after an analyst assigned the stock a price target that is among the highest on Wall Street. Tesla stock has soared by over 25% in the last three months.Tuesday morning, shares were higher by as much as nearly 5% after Deutsche …

Bitcoin’s price dropped on Wednesday, following a broader sell-off in risk assets as the contentious U.S. presidential debate increased concerns about the upcoming 2024 election. The cryptocurrency slipped 1.2%, reaching $56,258.6 by 05:58 GMT, while the broader crypto market also saw declines. Bitcoin turned negative after the conclusion of the …